Walmart is expanding its retail presence by opening new "large" stores and installing electric vehicle charging stations at some of its existing locations.
CNBC announced that the company plans to construct or transform over 150 large stores in the United States within the next five years. The Associated Press reported that Walmart has not opened any new stores in the last three years.
What does a Walmart with a 'large-format' design look like?
Images shared by Walmart give a preview of the Supercenter design for their upcoming "large-format" stores. The company has not disclosed the specific locations of these stores.
Walmart announced that they will be implementing their "Store of the Future" concept in certain locations, featuring more displays and QR codes for customers to scan for more product details. Prior to this announcement, Walmart was already in the process of remodeling 650 locations to include this concept.
In a statement released on Wednesday, Walmart president and CEO John Furner mentioned that the company's investments in labor, supplies, and tax revenue amount to millions of dollars and bring benefits to the communities they operate in.
CNBC reported that the company chose not to disclose the expenses associated with the stores.
Walmart has stated that their new stores will prioritize sustainability in their design. They plan to use energy-efficient lighting and equipment at these locations.
Aside from focusing on sustainability initiatives indoors, Walmart is also planning to revamp its parking lot. The company announced intentions to install quick-charging stations for electric cars.
Walmart is working on creating a network of affordable electric vehicle charging stations across the country to make it easier for Walmart shoppers and employees to own and use electric vehicles.
According to CNBC, Walmart has over 4,600 stores in the United States and has a workforce of almost 1.6 million employees.
Check out the initial images of what the future Walmart store might look like. Photo credit goes to Rob Carroll.
Check out this gallery featuring 50 popular retail chains that have closed down. The credit for the gallery goes to Madison Troyer.
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